Spot gold price stood at $4,209 an ounce on December 10, as of 5:42 a.m IST, which is a jump of around 0.04 percent in the last 24 hours.

India’s December gold futures closed the Tuesday trade at Rs 1,30,160 per 10 grams of 24-carat purity, which is 0.15 percent up from the previous close.

Meanwhile, the rupee closed yesterday's session at 89.908 against the U.S. dollar, which is 0.02 percent up in the last 24 hours.

Interest rate traders now comprise 86.4 percent vote for the probability of a 350-375 target rate bps in the two-day U.S Federal Reserve meeting that commenced on December 9, as per FedWatch data that tracks the probabilities of changes to the Fed rate.

The US Federal Reserve's chairman, Jerome Powell, is scheduled to announce the policy meeting outcome at around 00:30 a.m

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